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Stocks lower ... Home Depot sales ... Kellogg leaves Venezuela

Stocks lower ... Home Depot sales ... Kellogg leaves Venezuela

Stocks lower ... Home Depot sales ... Kellogg leaves Venezuela

May. 15, 2018

https://www.apnews.com/22b3ceb0df3b404a9af94f7262f16166

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NEW YORK (AP) — Losses in technology and health care companies helped pull U.S. stocks lower, snapping an eight-day winning streak by the Dow Jones industrial average. The broad sell-off followed a slide in bond prices, which sent the 10-year Treasury yield to its highest level in almost seven years.

NEW YORK (AP) — The S&P 500 index fell 18.68 points, or 0.7 percent, to 2,711.45. The Dow lost 193 points, or 0.8 percent, to 24,706.41. The drop pulled the 30-company average to a slight loss for the year. The Nasdaq composite dropped 59.69 points, or 0.8 percent, to 7,351.63.

NEW YORK (AP) — Benchmark U.S. crude oil reversed an early side, rising 35 cents to settle at $71.31 a barrel in New York. Brent crude, used to price international oil, added 20 cents to close at $78.43 a barrel in London. Gold fell $27.90, or 2.1 percent, to $1,290.30 an ounce.

NEW YORK (AP) — Home Depot reported slower-than-expected sales growth for the first quarter. Spring weather that was colder than usual hurt sales of fertilizer, live plants and other gardening-related items. Sales rose 4.2 percent at all established Home Depot stores during the first three months of the year.

MARACAY, Venezuela (AP) — The Kellogg Company is closing operations in Venezuela at a time of widespread hunger in the crisis-wracked South American nation. The Battle Creek, Michigan-based company says it was prompted to cease operations as a result of the "current economic and social deterioration in the country."